Talos Energy is a Houston based company that specializes in offshore exploration and oil production. Despite having a few years of operation in the oil and gas industry, since its inception in 2012, the firm has grown tremendously to a capacity of creating employment for 93 employees currently. Talos is dedicated to protecting employee rights as well as offering conducive work contracts to raise their standards of living.
With the urge to continue expanding its territories in the industry, Talos Energy became the first American oil and gas company to come into an alliance with Mexico’s oil and gas sector under the new reforms launched in 2013. Pemex established an agreement with Talos Energy to jointly operate on the oil fields Amoca-Yaxche-03 and block 7 for two years if the contracts do not change terms.
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The contract allows both parties to share any information developing or relating to Zama discovery. Both firms are expected to invest equal shares of human resources, technological resources and defining the limits of activities by both companies to optimize research and production. This remarkable alliance will go into Mexico’s oil history as one of the significant signs of progress and achievements.
In other news, Talos Energy recently completed the legal acquisition over related company Whistler Energy II settled over a $ 52 million transaction cost. The purchase included transfer on ownership of the production facilities with unutilized capacities and new data to be employed in the field study and research of potentially rich drilling sites with product assets. In the agreement, the acquired assets listed three blocks located at the central Gulf of Mexico namely; Green Canyon Block 60, Green Canyon Block 18 and Ewing Bank Block 988 all under 100% working interests. The whole Green Canyon field covers 16494 acres with an assurance of providing space for resource productivity.
With all the business expansions and production diversity plans, Talos Energy is aiming to be a market leader currently with active operations in the United States, shallow waters of Mexico and Gulf of Mexico all rich in oil and gas. Jason Hope, the company’s Installation Manager, hopes to increase productivity thrice as much by 2023.